Tag Archives: OPEC

Giant oil field decline rates, peak oil, & reserves

Preface. Of the roughly 47,500 oil fields in the world, 507 of them, about 1%, are giant oil fields holding nearly two-thirds of all the oil that has ever been, or ever will be produced, with the largest 100 giants, … Continue reading

Posted in Flow Rate, How Much Left, Peak Oil | Tagged , , , , , , , | Comments Off on Giant oil field decline rates, peak oil, & reserves

Peak oil in the news 2023

Preface. Conventional crude oil production may have already peaked in 2008 at 69.5 million barrels per day (mb/d) according to Europe’s International Energy Agency (IEA 2018 p45). The U.S. Energy Information Agency shows global peak crude oil production at a … Continue reading

Posted in Oil & Gas Fracked, Peak Oil | Tagged , , , , , , | 1 Comment

OPEC’s policies are a threat to the U.S. economy. U.S. House 2000

[ Perhaps when the energy crisis has struck and rationing grows ever tighter, people not be traveling much and have more free time, and interest in the history of energy policy. So here’s a bit of what was said back … Continue reading

Posted in U.S. Congress Energy Policy | Tagged , , , | Comments Off on OPEC’s policies are a threat to the U.S. economy. U.S. House 2000